You are not logged in

New York Magazine

Skip to content, or skip to search.

Skip to content, or skip to search.

Gap’s Profits Rise, But Not Because They’re Selling More Clothes

  • 11/21/08 at 11:08 AM

Gap's third-quarter net earnings are up 3.4 percent. The growth comes not from sales, which are declining, but improved margins — the company's strategy for earning money in recent quarters. The company's biggest in-store sales decline occurred at Old Navy, which suffered an 18 percent drop. [WSJ]

Share
Advertising
Writer
Amy Odell
Managing Editor
Jessica Coen
Fashion Editor
Amina Akhtar
Assistant Editor
Sharon Clott
Win $25K!

Recent News